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Income Tax Regulations

Version of section 200 from 2016-06-22 to 2024-05-28:

  •  (1) Subject to subsection (1.1), every person who makes a payment described in subsection 153(1) of the Act (including an amount paid that is described in subparagraph 153(1)(a)(ii) of the Act) shall make an information return in prescribed form in respect of the payment unless an information return in respect of the payment has been made under sections 202, 214, 237 or 238.

  • (1.1) Subsection (1) does not apply in respect of

    • (a) an annuity payment in respect of an interest in an annuity contract to which subsection 201(5) applies; or

    • (b) an amount paid by a qualifying non-resident employer to a qualifying non-resident employee that is exempted under subparagraph 153(1)(a)(ii) of the Act if the employer, after reasonable inquiry, has no reason to believe that the employee’s total amount of taxable income earned in Canada under Part I of the Act during the calendar year that includes the time of this payment (including an amount described in paragraph 110(1)(f) of the Act) is more than $10,000.

  • (2) Every person who makes a payment as or on account of, or who confers a benefit or allocates an amount that is,

    • (a) a scholarship, fellowship or bursary, or a prize for achievement in a field of endeavour ordinarily carried on by the recipient thereof (other than a prize prescribed by section 7700),

    • (b) a grant to enable the recipient thereof to carry on research or any similar work,

    • (b.1) an amount that is required by paragraph 56(1)(n.1) of the Act to be included in computing a taxpayer’s income,

    • (c) an amount that is required by paragraph 56(1)(r) of the Act to be included in computing a taxpayer’s income,

    • (d) a benefit under regulations made under an appropriation Act providing for a scheme of transitional assistance benefits to persons employed in the production of products to which the Canada-United States Agreement on Automotive Products, signed on January 16, 1965, applies,

    • (e) a benefit described in section 5502,

    • (f) an amount payable to a taxpayer on a periodic basis in respect of the loss of all or any part of his income from an office or employment, pursuant to

      • (i) a sickness or accident insurance plan,

      • (ii) a disability insurance plan, or

      • (iii) an income maintenance insurance plan,

      to or under which his employer has made a contribution,

    • (g) an amount or benefit the value of which is required by paragraph 6(1)(a), (e) or (h) or subsection 6(9) of the Act to be included in computing a taxpayer’s income from an office or employment, other than a payment referred to in subsection (1),

    • (h) a benefit the amount of which is required by virtue of subsection 15(5) of the Act to be included in computing a shareholder’s income,

    • (i) a benefit deemed by subsection 15(9) of the Act to be a benefit conferred on a shareholder by a corporation, or

    • (j) a payment out of a registered education savings plan, other than a refund of payments,

    shall make an information return in prescribed form in respect of such payment or benefit except where subsection (3) or (4) applies with respect to the payment or benefit.

  • (3) Where a benefit is included in computing a taxpayer’s income from an office or employment pursuant to paragraph 6(1)(a) or (e) of the Act in respect of an automobile made available to the taxpayer or to a person related to the taxpayer by a person related to the taxpayer’s employer, the employer shall make an information return in prescribed form in respect of the benefit.

  • (4) Where a benefit is included in computing the income of a shareholder of a corporation by virtue of subsection 15(5) of the Act in respect of an automobile made available to the shareholder or to a person related to the shareholder by a person related to the corporation, the corporation shall make an information return in prescribed form in respect of the benefit.

  • (5) Where a particular qualifying person (within the meaning assigned by subsection 7(7) of the Act) has agreed to sell or issue a security (within the meaning assigned by that subsection) of the particular qualifying person (or of a qualifying person with which it does not deal at arm’s length) to a taxpayer who is an employee of the particular qualifying person (or of a qualifying person with which it does not deal at arm’s length) and the taxpayer has acquired the security under the agreement in circumstances to which subsection 7(8) of the Act applied, each of the particular qualifying person, the qualifying person of which the security is acquired and the qualifying person which is the taxpayer’s employer shall, for the particular taxation year in which the security is acquired, make an information return in the prescribed form in respect of the benefit from employment that the taxpayer would be deemed to have received in the particular taxation year in respect of the acquisition of the security if the Act were read without reference to subsection 7(8) and, for this purpose, an information return made by one of the qualifying persons in respect of the taxpayer’s acquisition of the security is deemed to have been made by each of the qualifying persons.

  • (6) Every person who makes a payment as or on account of an amount that is required by subsection 56(6) of the Act to be included in computing a taxpayer’s income shall make an information return in prescribed form in respect of that payment.

  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • SOR/78-909, s. 1
  • SOR/79-939, s. 1
  • SOR/81-936, s. 1
  • SOR/83-866, s. 1
  • SOR/83-867, s. 1
  • SOR/88-165, s. 31(F)
  • SOR/89-473, s. 1
  • SOR/94-686, s. 79(F)
  • SOR/95-298, s. 2
  • SOR/99-17, s. 6
  • SOR/99-22, s. 3
  • SOR/2003-5, s. 1
  • SOR/2003-328, s. 1
  • SOR/2011-188, s. 1(F)
  • SOR/2015-170, s. 1
  • 2016, c. 7, s. 55

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